NonprofitsAmerican First Credit Union

American First Credit Union

BREA, CA

Total revenue

$54.8M

Total expenses

$52.9M

Net assets

$93.8M

Grants received

EIN

330358683

Tax year

2024

Mission

A cooperative, organized for the purpose of promoting thrift and savings among its members.

Programs

2 programs

Achievement of satisfactory services provided to members in connection with consumer and real estate loans, i.e., auto loans, mastercard, 1st mortgages, personal lines of credit, 2nd mortgages, home equity lines of credit, and commercial real estate.

Achievement of satisfactory services provided to members in connection with our long term commitment to help our members reach their financial goals. The organization has also created a prize linked savings account in which it pays interest like a savings account and members who meet minimum qualifications are entered into 3 drawings. Monthly - $1,000 prize, quarterly - $10,000 prize and annually - $50,000 prize.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$47.6M
Investment income$6.3M
Other revenue$841K
Total revenue$54.8M

Expenses

Grants paid$59K
Salaries & benefits$14.4M
Fundraising
Other expenses$38.4M
Total expenses$52.9M
Total assets$1.0B
Net assets$93.8M

People

23 listed

NameRoleCompensation

JON SHIGEMATSU

CEO/PRESIDENT

Board

$1.1M

40 hrs/wk

THERESA DAVY

COO

Board

$427K

40 hrs/wk

PAUL WELCH

SVP OF RISK MANAGEMENT

Board

$347K

40 hrs/wk

FRANK BORAWSKI

CFO

Board

$300K

40 hrs/wk

ROBERT FARRINGTON

SR VP COMMERCIAL REAL ESTA

Board

$297K

40 hrs/wk

MICHAEL WILLIAMS

VP OF CONSUMER LENDING

Board

$238K

40 hrs/wk

JASON PHILIBERT

BOARD TREASURER

Board

$1K

1 hrs/wk

JAMES HABBEN

SUPV CMTE MEMBER

Board

1 hrs/wk

ROGER VANDER WENDE

VICE CHAIRPERSON

Board

1 hrs/wk

AMANDA SECOLA

BOARD SECRETARY

Board

1 hrs/wk

ERIC LEDESMA

BOARD MEMBER

Board

1 hrs/wk

PATTI MALOTT

BOARD MEMBER

Board

1 hrs/wk

DONNA BROOKS

BOARD MEMBER

Board

1 hrs/wk

GIZI CLEMMER

SUPV CMTE CHAIRPERSON

Board

1 hrs/wk

DAVID WEED

SUPV CMTE MEMBER

Board

1 hrs/wk

ROBERT WARKENTON

SUPV CMTE MEMBER

Board

1 hrs/wk

DOLORES MEDINA

SUPV CMTE MEMBER

Board

1 hrs/wk

TOM COOK

CHAIRPERSON

Board

1 hrs/wk

JEREMY JORGENSEN

COMMERCIAL RE LOAN OFFICER

Staff

$256K

40 hrs/wk

VICTOR GALLEGO

COMMERCIAL RE LOAN OFFICER

Staff

$190K

40 hrs/wk

MICHAEL PEPIN

VP DELIVERY & TECHNOLOGY

Staff

$174K

40 hrs/wk

WILLIAM HUFF

SUPERVISOR DELIVERY & TECHNOLOGY OPERATIONS

Staff

$160K

40 hrs/wk

RUBY HUGGLER

DIRECTOR PROJECT MANAGEMENT

Staff

$160K

40 hrs/wk

Independent contractors

FISERV INC

CORE SYSTEM MAINTENANCE

$2.7M

MASTERCARD

PAYMENT PROCESSOR

$657K

RAISIN SOLUTIONS US LLC

FINANCIAL MARKETPLACE PLATFORM

$546K

LENDING SOLUTIONS INC

COLLECTION SERVICES

$461K

BUSINESS DATA INC

FINANCIAL DOCUMENTS DELIVERY

$427K

Details

EIN330358683
Subsection14
Ruling date1961-09
Formed1989
Employees162
Volunteers12
AMERICAN FIRST CREDIT UNION — Mission, Financials & Grants Received | Grantivo